Reported about 23 hours ago
The Federal Reserve opted to keep interest rates unchanged for the fifth consecutive meeting, with two governors dissenting for the first time in 30 years. Fed Chairman Jerome Powell indicated that no decisions have yet been made regarding a potential rate cut in September, despite President Trump's calls for lower rates to reduce borrowing costs. The disagreement among Fed governors highlights internal divisions over the impact of tariffs on inflation and employment. The situation is poised to increase tensions with the White House as calls for rate cuts intensify.
Source: YAHOO